Semi-weekly south Kentuckian. [volume] (Hopkinsville, Ky.) 1883-1889, 1887-08-02
THE 0. v. PROPOSITION.
To be Voted on IN the Hopkins
vile Magisterial District
August 20.

|
CHRISTIAN Co, CoURT, July Is, 1887
In re of subscriptionto
the Ohio Valley Rail-
way Co., by Hopkins ORDER.
vile Magisterisl Dis
trict.
The Ohio Valley Railway Compa-
ny, formally appeared by its attorney,
j. #. Clay, and filed itspetition which
reads in words and figures as follows,
to-wit:
To THE County CoURT OF CHRISTIAN
COUNTY. KENTUCKY:
The Ohio Valley. Railway Compa-
NY, formerly the South Kentucky
Railroad Company, chartered by an
act of the General Assembly of the
Commonwealth of kentucky, ap-
proved 18th day of March 1871, and
the several amendments thereto, by
order of its Board of Directors, re-
spectfully requests your honorable
Court TO submit to the qualified vo-
ters of what is known as the Hop
kinsyille Magisterial District of
Christian County, Kentucky, oT Giivvi,.
District No. at an election TO be held
under and in accordance with the
act of its incorporation, on a day 10
be designated by this Court, not more
than sixty 00) days nor less than
thirty (30) days from tho date that
said election is ordered, the question
whether or not the said District shall
subscribe one Thousand (l,000) shares
Of one hundred (Sl00) dollars each to
the capital stock of the Ohio Valley
Railway Company, on the following
terms aud conditions to-wit:
Condition first: That no part oftle
amount for said stock shall be due or
payable until continuous line of rail-
way, of standard guage, shall be
constructed by said Ohio Valley
Railway Company, from the town OF
Princeton, kentucky, TO the limits OF
the city Of Hopkinsville, kentucky,
nor until train OF cars shall be run
over said railway, nor unless said
railway is constructed on or before
the lst day of January 1889, provided,
however, that IL the Ohio Valley
Railway Company shall, in good
faith, and within a reasonable time
after favorable vote on this propo-
sition, begin the construction OF its
road and be prevented by stress OF
weather or any extraordinary hap
pening, from constructing the road
within the time aforesaid, then the
subscription shall not be, therefore,
on that account void, but reasona-
BILE time shall be extended in such an
event beyond the date named, for the
construction Of said road as afore-
said;
Condition second, That The Ohio
Valley Railway Company shall UNI
dertake aud bind itself, on the pay
ment Of the money for said Stock, or
on the delivery Of the bonds as here
in after recited. TO refund TO the Hop
kinsvllle Dristrict the amount so
paid on the face value of the bonds
delivered Ia payment of its subscrip-
tion, In the event the Louisville Il
Nashville Railroad Co. or any success
sor thereof shall obtain the possession
and ownership OF said Ohio Valley
Railway Company. within twenty
years from this date, provided, how
ever, that IL the stock of the Hopkins
vile District shall be voted or used
for the purpose of enabling said Lou
isville " Nashville Railroad Compa-
ny to obtain the possession and own
ership of said Ohio Valley Railway
then this obligation on the
part of the said Ohio Valley Railway
Company shall cease and determine.
Condition third: In the event a
favorable vote Is had on this propo-
sition, the stock is subscribed and
paid for, the Ohio Valley Railway
Company hereby agrees aud binds
itself to give as favorable rates, in
TO the distance. to the peo-
pie aud shippers of the Hopkinsville
District as 1t may give to any other
point on its liue between its termim
and not to make permit to be made
any unjust discrimination in the mat
ter of freights or passage against the
people of or shippers of said Hopkins
Vile District.
Condition fourth: That in pay
ment of the stock subscribed by said
district, 1t shall issue and deposit
with three trustees to be named III
the order submitting this proposition
bonds of said district for the sum Of
one hundred thousand L$l00,000 00)
dollars, with coupons attached for
the interest, 10 be made payable to
said Ohio Valley Railroad Company
or bearer, due and payable twenty
years after the date of their usual.
with the option on the part of the
district 10 redeem the same at any
time after B years from their date,
bearing interest at the rate of SIX per |
cent per annnm, payable semi-an-
nually, both principle and interest
payable at the banking house of
Latham, Alexander Il Co., in the City
Df New York. Said bonds to be in
denominations of not more than one
thousand dollars, nor less than one
hundred dollars each, which said |
bonds shall be held by the trustees,
10 be hereafter named in the order of |
.he Court, In trust to be delivered and
shall be by them delivered to the said |
Ohio Valley Railway Company, when
said railway shall have been con-
'tructed as mentioned in condition
,ne of this proposition, and train of
;ars run thereon, and within the time
herein provided, provided, however,
hat any coupons falling due for in
crest on said bonds before the con-
of said road to Hopkins
Vile as aforesaid, shall bo by said
irustees detached, marked cancelled
Ind returned 10 the County Court of
Christian county.
Condition fifth: Iu lien of the de-
livery of the bonds as aforesaid to the
Ohio Valley Railway Company, the
district, through the
trustees aforesaid may sell the bonds
Ut not less than their value. and de-
posit with tho trustees aforesaid one
thousand dollars which the |
trustees shall deliver 10 the Ohio |
Valley Railway Company as provided
for the delivery of the bonds. The
object of this condition being to give
10 said district the benefit of any
premium that may be received on